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A REEXAMINATION OF STOCK SPLITS USING MOVING BETAS · Study

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ArticleA REEXAMINATION OF STOCK SPLITS USING MOVING BETAS

Sasson Bar‐Yosef1977

Article1977

A REEXAMINATION OF STOCK SPLITS USING MOVING BETAS

Sasson Bar‐Yosef · Lawrence D. Brown

96 citations·0/0 files stored·The Journal of Finance

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Financial Markets and Investment Strategies Corporate Finance and Governance Financial Analysis and Corporate Governance

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References

1964CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK*1965The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets 1975THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.]1961Dividend Policy, Growth, and the Valuation of Shares 1969The Adjustment of Stock Prices to New Information 2003The Adjustment of Stock Prices to New Information 1974Risk and return: The case of merging firms 1973The Information Content of Dividends

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Year1977

Typearticle

Published1977-09-01

VenueThe Journal of Finance

ISSN-L0022-1082

Languageen

Citations96

Files0 public / 0

ShelfFinancial Markets and Investment Strategies

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doi10.1111/j.1540-6261.1977.tb03310.x

openalex_workW2118286458

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